Home › Multi-family

Multi Family Homes For Sale Watertown MA

There are currently 9 multi-families for sale in Watertown. Watertown is a biotech-corridor city with steady appreciation. For investors it’s an appreciation-led market. Each listing below shows our Signal Score and an estimated cap rate.

For sale now9
Median list price$1,400,000
Median sold (12 mo)$1,149,450
Sold (12 mo)58

Current listings (9)

204-206 School St, Watertown MA 02472
◆ 82
$1,400,000
204-206 School St, Watertown MA 02472
3 units 6 bd3 ba3,166 sqft
Cap rate4.7%
Signal Score82
$/unit$466,667
109 - 109A Lexington Street, Watertown MA 02472
◆ 80
$955,000
109 - 109A Lexington Street, Watertown MA 02472
2 units 4 bd2 ba2,236 sqft
Cap rate4.6%
Signal Score80
$/unit$477,500
601-603 Main Street, Watertown MA 02472
◆ 70
$1,149,900
601-603 Main Street, Watertown MA 02472
2 units 5 bd2 ba2,614 sqft
Cap rate3.8%
Signal Score70
$/unit$574,950
204 School St, Watertown MA 02472
◆ 69
$2,350,000
204 School St, Watertown MA 02472
4 units 6 bd3 ba3,166 sqft
Cap rate3.7%
Signal Score69
$/unit$587,500
13-15 Columbia Street, Watertown MA 02472
◆ 67
$1,225,000
13-15 Columbia Street, Watertown MA 02472
2 units 4 bd2 ba2,862 sqft
Cap rate3.6%
Signal Score67
$/unit$612,500
5 Hearn St, Watertown MA 02472
◆ 66
$1,250,000
5 Hearn St, Watertown MA 02472
2 units 5 bd3 ba2,400 sqft
Cap rate3.5%
Signal Score66
$/unit$625,000
46-48 Keenan St, Watertown MA 02472
◆ 48
$1,997,000
46-48 Keenan St, Watertown MA 02472
2 units 6 bd5 ba3,450 sqft
Cap rate2.2%
Signal Score48
$/unit$998,500
8-10 Purvis Street, Watertown MA 02472
◆ 45
$2,298,000
8-10 Purvis Street, Watertown MA 02472
2 units 6 bd7 ba3,912 sqft
Cap rate1.9%
Signal Score45
$/unit$1,149,000
45-47 Barnard Ave, Watertown MA 02472
$1,599,000
45-47 Barnard Ave, Watertown MA 02472
2 units 7 bd3 ba2,890 sqft

Get new Watertown deals before they hit Zillow

Justin Rollo sends qualified investors fresh multi-family listings (and off-market deals) the day they come up.

Listings here are curated by Justin Rollo of Signal Real Estate, an investor-friendly agent who works this market every day. Watertown is one of the Greater Boston markets Signal Real Estate watches most closely for multi-family opportunities — reach out if you want to move on something before it’s widely listed.

Related searches

Browse all →

Questions & answers

Why invest in Watertown multi-family?

Watertown is a biotech-corridor city with steady appreciation. For investors it’s an appreciation-led market.

What cap rate do Watertown multi-families offer?

Greater Boston multi-families generally run a 4–5.5% cap, with value-add pockets reaching 6%+. Each listing above shows an estimated cap rate based on area rents — directional, not an appraisal.

Can I house-hack a Watertown 2–4 unit?

Often yes — FHA allows 3.5% down on owner-occupied 1–4 units (note the self-sufficiency test on 3–4 units), and conventional now allows 5% down on 2–4 units. Justin Rollo of Signal Real Estate can run your numbers.

How do I see new Watertown multi-families first?

Sign up below and Justin Rollo will send matching listings — including off-market deals — as soon as they come up.

Justin Rollo, Broker Associate at Signal Real Estate
Justin Rollo — Broker Associate, Signal Real Estate · MA Lic. #9534264

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
Signal Real EstateLinkedInZillowFacebook